Flex Space with Second Access
For Sale
Contact for pricing
145 N Moyer St, Annville, PA 17003
Light industrial flex space with a custom waiting area, small office, loft storage, and alley access for expansion.
Property Size3,200 SF
Price / SF$217.19
Days on Market555
Property Features for 145 N Moyer St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
INDUSTRIAL
Zoning
Light Industrial
Listing Agency:
SVN | Latus
(717) 737-2422
Listed By:
Laura Martin · License #RM419784
(717) 919-7888
Source:
Moodyscre
Added: Mar 10, 2025
Changed: Aug 31
Last Checked: Sep 14 at 9:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Latus
Investment Insights
Based on property information with market context.
This flex space in Annville, PA is under light industrial zoning, offering many permitted uses. The property includes custom improvements such as a waiting area, a small office, and a loft area for storage.
In addition to the current layout, there is available land to build on or expand the operation, with an alley that provides a second access point. The space can be configured as one space and is currently set up as two spaces.
With 3,200 square feet of property size, this offering can support a light industrial tenant looking for flexible space and the ability to grow on-site while maintaining practical access through the alley.
In addition to the current layout, there is available land to build on or expand the operation, with an alley that provides a second access point. The space can be configured as one space and is currently set up as two spaces.
With 3,200 square feet of property size, this offering can support a light industrial tenant looking for flexible space and the ability to grow on-site while maintaining practical access through the alley.
Key Highlights
- 3,200 SF flex space under light industrial zoning
- Available land to build on or expand the operation
- Alley provides a second access point
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,384
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$447,680
$447.7K
Cap Rate 7%
$319,771
$319.8K
Cap Rate 9%
$248,711
$248.7K
Market Conditions
NOI Build-Up for 3,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.5K $11.40/SF
− Vacancy
−$2.0K −$0.64/SF
EGI
$34.4K $10.76/SF
− OpEx
−$12.1K −$3.77/SF
NOI
$22.4K $7.00/SF
Area
Lebanon County, PA
Vacancy
5.60%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$447,680
Cap Rate 7%
$319,771
Cap Rate 9%
$248,711
Alternative Uses
Best Use
Flex RnD
$319.8K
$279.8K – $373.1K
NOI $22,384 @ 7.0% cap · market cap 3.22%
Second Best
Industrial
$266.7K
$233.4K – $311.2K
NOI $18,672 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$751.1K
$657.2K – $876.3K
NOI $52,577 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17003, PA
12,329
Population
4,507
Households
2.7
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
42.7 sq mi
ZIP Area
289
Density / Sq Mi
$87,350
Median Household Income
$36,394
Median Earnings
$1,088
Median Rent
$242,200
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial flex space with a custom waiting area, small office, loft storage, and alley access for expansion.
Where is this flex space located?
The property is located at 145 N Moyer St Annville, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,200 SF flex space under light industrial zoning; Available land to build on or expand the operation; Alley provides a second access point
